Global Smart Cities Market Research Report 2021

The rising rate of global population on account of demographic shifts, utilization of new technologies, and urbanization have brought in the realization of innovating new cities capable enough of keeping up the pace with globalization. As regions becomes more inclined towards developing manufacturing capabilities, inward migration of existing population to adore employment and urban lifestyle is catering the development of smart cities at large. Smart cities are a part of organized flow of information technologies in buildings which are integrated to add value for sustainable living. The use and compilation of various electronic data that are initiated by sensors acts as a source in order to manage resources and assets judiciously.

The developments of smart cities are carried out in large phases to address the need of public safety, urban mobility, street lightning, energy and water management. The entire structure is supported by latest innovation in IT that includes data analytics, sensor monitoring, cloud computing and wireless communication. Regardless of barriers, the innovation that leads to the introduction of smart houses is largely dependent on mobile platforms.

The primary focus of smart cities is entirely established on the grounds of reducing the dependence on non renewable sources of energy, while shifting the dependence towards renewable and projecting the need for green infrastructures in future. Government initiatives and stakeholders engagement in deriving the funding for planning smart cities is expected to propel over the coming years.

Some of the major drivers include fast telecom provisions, rapid connectivity, and hyper-urbanization which are anticipated to play a crucial role in the markets deploy and development. Globally, developed cities are implementing the need of smart solutions in various sectors such as utilities, transportation, citizen services and buildings in order to gain optimal utilization of energy, better standard of living and economic stability.

Rise in solutions such as guidance systems, passenger information system, parking management, ticketing management, and traffic management is expected to favour the transportation segment over the next few years. Application of smart grids in optimizing the energy consumption by integration of communication infrastructure and intelligent systems is expected to play a major role in the merger of power technologies and ICT.

The demand for smart cities in Asia pacific region is likely to be propelled by China and India on account of government policies to curb pollution and increasing energy & environmental instability. Increasing investment in infrastructure to develop green buildings across Europe is expected to be a promising market for investors in the near future.

The global smart cities market comprise of key industries such as Siemens, Intel, Honeywell, Cubic, Cisco, ABB, Accenture, Alcatel-Lucent, and IBM. Oracle has developed a modular multi-channel solution to expand their customer base and also a city platform that comprises of complex IT infrastructure to facilitate future operating systems.

The market has been segmented into by application, and by region.

By application

Smart security

Smart energy management

Smart healthcare

Industrial automation

Smart buildings

Smart homes

Smart transportation

Others

By region

North America

U.S

Canada

Europe

Germany

U.K

France

Asia Pacific

China

India

Japan

Singapore

Latin America

Brazil

MEA

Saudi Arabia

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Global Smart Cities Market Research Report 2021

1 Smart Cities Overview

1.1 Product Overview and Scope of Smart Cities

1.2 Smart Cities Segment by Types

1.2.1 Global Production Market Share of Smart Cities by Type in 2015

1.2.2 Type I Overview and Price

1.2.2.1 Type I Overview

1.2.2.2 Type I Price List in 2015 and 2016

1.2.3 Type II

1.2.3.1 Type I Overview

1.2.3.2 Type I Price List in 2015 and 2016

1.2.4 Type III

1.2.4.1 Type I Overview

1.2.4.2 Type I Price List in 2015 and 2016

1.3 Smart Cities Segment by Application

1.3.1 Smart Cities Consumption Market Share by Application in 2015

1.3.2 Application 1 and Major Clients (Buyers) List

1.3.3 Application 2 and Major Clients (Buyers) List

1.3.4 Application 3 and Major Clients (Buyers) List

1.4 Smart Cities Market by Region

1.4.1 North America Status and Prospect (2011-2021)

1.4.2 China Status and Prospect (2011-2021)

1.4.3 Europe Status and Prospect (2011-2021)

1.4.4 Japan Status and Prospect (2011-2021)

1.4.5 India Status and Prospect (2011-2021)

1.4.6 Southeast Asia Status and Prospect (2011-2021)

1.5 Global Market Size (Value and Volume) of Smart Cities (2011-2021)

1.5.1 Global Smart Cities Production and Revenue (2011-2021)

1.5.2 Global Smart Cities Production and Growth Rate (2011-2021)

1.5.3 Global Smart Cities Revenue and Growth Rate (2011-2021)

2 Global Smart Cities Market Competition by Manufacturers

2.1 Global Smart Cities Production and Share by Manufacturers (2015 and 2016)

Market Summary

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive
of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a
detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model:

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines.
A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights:

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by
having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local
manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation:

The market estimation is conducted by analyzing the data collected through
both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the
market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation:

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report
encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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